Why would you bet your own money when you could bet someone else’s?
If you are betting on a winner why split with others?
If you know the winner, it’s not gambling. Self-driving cars are still a gamble.
risk management. Even sure thing bets lose money once in a while, so it is a good idea to spread the risk of that around.
Alphabet is only giving up around a 3% stake. They continue to own most of it, and mostly bet their own money.
If you are betting on a winner why split with others?
If you know the winner, it’s not gambling. Self-driving cars are still a gamble.
risk management. Even sure thing bets lose money once in a while, so it is a good idea to spread the risk of that around.
Alphabet is only giving up around a 3% stake. They continue to own most of it, and mostly bet their own money.